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4205 Lakeshore Drive
Beds
5
Baths
4 full + 1 half
Sqft
2,331
Year
2026
Type
Single Family
On market
43d
Imagine the possibilities here! Situated in the perfect central location on Lakeshore Drive, w/ beautiful views from 3 front decks, this Amazing brand new home has a Legal Suite! Right across the street is the park & the beach, 1/2 block from food & shopping, this could be the Perfect home for an Air BnB, either from the legal suite downstairs or from the upper floor. Enter from the east facing door into the fully insulated stairwell & choose to go upstairs to the main levels or downstairs. Or enter from the south (back) deck into the main area & you will be amazed @ all the windows and light. Every little detail was considered, from the moment you enter this spacious entrance with built in bench & hooks, to the half bath with full tile wall & the view towards the front of the home to the lake. This kitchen is the dream layout, with an over 5'x12' island with a leather finish quartz countertop (check out the storage underneath the overhang), the pull out shelf for your mixmaster or blenders, the custom coffee bar with RO tap to fill up your coffee maker & wine rack above. Beside the stove is spice & knife storage. The FULL SIZED fridge/freezer will make you giddy! Through the pocket door to your custom pantry with sink, tons of shelving & more cabinetry. Not to be outdone, this living room features a VIEW through triple paned windows & a fireplace that's so powerful it could heat the whole house. From the dining area, head out the patio doors to this covered deck with glass railing & has a gas line for a firetable. Upstairs, this stairwell takes advantage of its location with no neighbors & uses more windows to bring in morning light. 2 good sized bedrooms, a full bathroom with room for your custom shelving unit & a large linen make excellent use of the space. This laundry room will make everyone want to spend time in it, with a built in ironing board & custom cabinetry that is thoughtfully planned to make sure everything gets a spot. The primary bedroo m area is a retreat that makes you want to stay in bed all day & enjoy the view from the multitude of windows & or head out the patio door that lead onto this 3rd level deck with even better views of the lake & town. This upper deck is partially covered, & was beefed up to allow a hot tub on this level if wanted, with 220 wiring ready as well as gas line for heater or firetable as well. The ensuite features a soaker tub, an extra large tile shower & double sinks + underfloor heat. Stroll into this walk in closet that will make you jump for joy with all the organization. & This legal suite is bright & airy, has a walk up & full patio with view of the lake as well, 2 good sized bedrooms & underfloor heating & it's own HRV + it's own laundry as well! Furnace room has 2 HW on demand, 2 HRV, 1 high efficient furnace & RO system. 24x24 garage is insulated & drywalled & roughed in for gas heat. Concrete pad will be poured for extra parking beside garage. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 7.17 Ft x 20.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 16.50 Ft x 14.00 Ft | |
| Dining room | 16.50 Ft x 10.50 Ft | |
| Kitchen | 15.58 Ft x 20.08 Ft | |
| Pantry | 11.50 Ft x 6.75 Ft | |
| Other | 6.42 Ft x 11.67 Ft | |
| 2pc Bathroom | 5.25 Ft x 5.08 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 16.50 Ft x 14.00 Ft | |
| 5pc Bathroom | 13.17 Ft x 10.08 Ft | |
| Other | 11.83 Ft x 6.67 Ft | |
| Laundry room | 8.42 Ft x 8.75 Ft | |
| 4pc Bathroom | 4.92 Ft x 11.50 Ft | |
| Bedroom | 11.33 Ft x 9.83 Ft | |
| Bedroom | 9.33 Ft x 11.92 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Other | 17.00 Ft x 11.25 Ft | |
| Living room | 13.50 Ft x 12.08 Ft | |
| 4pc Bathroom | 8.58 Ft x 6.50 Ft | |
| Bedroom | 10.00 Ft x 9.58 Ft | |
| Primary Bedroom | 10.92 Ft x 15.75 Ft | |
| Other | 5.83 Ft x 4.17 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.68%
Cap rate
4.73%
GRM
13.9
Break-even rent
$9,637
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sylvan Lake. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.